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SkitchNYC wrote: Dear oh dear, It's done for all the usual reasons that businesses are incorporated in Oz. That's a cop out. You just don't know why, and that's amazing. Talk to your lawyer friend, he might give you some insight into what is one of the most complicated tax systems in the World. Rubbish. Skitch, Oz has you bouncing up and down on a hook that resembles a thirty-pound fisherman (no doubt on an all-chain rode.) Everything he has said is correct under Australian corporate law. My business, which was once a simple two-person partnership, had to incorporate (long ago) for precisely the reasons he is listing and you refuse to believe. When the other partner bows out and I'm running as sole trader, it will still be a company with protection provided I don't breach my duties as a director. The reason lies not with Oz's strangeness but withe the strangeness of the Australian corporation laws, and for that matter the strangeness of Australian taxation laws, which now run to 24 volumes or something ridiculous, so complex that only specially trained, tutored and accredited taxation accountants can cope with it, and only then when running on refresher courses every six months. One example should suffice. Were you aware an Assistant Taxation COmmissioner in Australia can make law which assumes your guilty and demands you pay up first before any contest of defence can be started? It's called a "determination" and while it can be over-ruled by a court, that may take a couple of years and several hundred thousand dollars to achieve. So Oz is cheerily leading you on by stating nothing but the truth. As the truth is so outlandish, you refuse to believe it, thus demonstrating your limitiations as a Googler. Yet you yourself are party, daily, to even more outlandish perversions of logic and legislation, those being the contractual agreement covering your use of software... -- Flying Tadpole ------------------------- Learn what lies below the waves of cyberspace! http://www.internetopera.netfirms.com |
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